Is the Chinese economy faltering? What is going on over there? I provide some insights into the rebalancing act happening in China in my latest Forbes post: http://blogs.forbes.com/annlee/
I wrote a piece for Forbes explaining that contrary to what many analysts say, the enormous investments in infrastructure in China will be good for the economy and also visionary on the part of China’s leadership: http://www.forbes.com/sites/annlee/2012/07/22/why-chinas-high-investment-levels-wont-hurt-them/
The Chicago Tribune writes about the pitfalls of the EB-5 visa program and quotes my opinion about the state of its execution thus far.
Pew released a report that shows that for the first time, Asian Americans surpassed Hispanics in the U.S. population. In the Fiscal Times, Editor in Chief Jacqueline Leo provides a news analysis about the implications of this development and widely quotes me in her article that is linked here.
The Latin American Advisor, a magazine focused on developments in Latin America, asked for my thoughts on the future of the Asia-Latin America trade corridor. The piece that followed showcased my opinion along with two others. Take a look at what we have to say here.
Rich Lowry, editor of the National Review, wrote a piece in the New York Post today arguing that the Bo Xilai scandal in China proves that the U.S. is superior. He says that “China should learn from us,” implying that there is nothing to learn from China.
The problem with his argument is that he only speaks about the corruption in China while completely ignoring the widespread corruption in the U.S. By painting only a one-sided, incomplete picture, his point is, well, pointless. Let me provide a counterpoint to each one of his points. First, the U.S. Continue reading
Reuters has reported that a bill about to be signed by Obama will allow existing tariffs on imported goods from China to stay in place after they were threatened by a court ruling. At a time when there seems to be little bipartisan support for anything, it is surprising that this piece of legislation enjoys popularity from both sides of the aisle. Certainly, there is a broad perception in the U.S. that China does not play by the rules, that the U.S. engages in free market capitalism while China engages in mercantilism.
Unfortunately, like all disagreements, the truth is not black and white, but shades of gray. Continue reading
It was with great sadness when I learned that HuffingtonPost began censoring blog posts. I had been a blogger there since 2006, and before HuffPo was sold to AOL, all of my posts were automatically posted to the site instantly. The beauty of blogposts is that the truth can come out without someone else suppressing them from being published. More recently however, when I submitted posts, these articles of mine were delayed up to a week before going up on the site. Such delays rendered time sensitive material completely impotent. At first, I thought the delays were due to merger issues, but the email I received from HuffPo yesterday confirmed that it was due to active censoring, a policy that was not in place before. This is a very scary development since the site had developed a reputation for being a trusted, go-to destination for uncensored news and opinions before this started happening. Continue reading
The World Bank and China’s Development Research Center released a report calling for China to make a number of economic reforms in order to develop a more sustainable economy. This was widely reported in the New York Times, Washington Post, and Seattle Times. It claims that China cannot sustain growth unless it does a long laundry list of things. Why the Chinese would listen to outgoing World Bank President Robert Zoellick is a bit puzzling since he was part of senior management at Goldman Sachs just prior to joining the World Bank and thus likely has Goldman’s interests, not China’s interests, at heart.
Recommendations they made that I agree with include the following: Continue reading
The FT reported that China’s central bank has argued for loosening its capital controls in a landmark report: http://www.ft.com/intl/cms/s/0/bd948148-5dfd-11e1-8c87-00144feabdc0.html#axzz1nDRQgZ00
Such a move if it were to happen would be a giant boon to the U.S. financial sector for the following reasons:
-It could create the potential for a whole new set of derivative products.
-It would provide more investment opportunities and banking opportunities to financial firms.
-It could increase commissions exponentially by the tsunami of transaction volume. Continue reading